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Ethics Violation, Lawsuit Or Worse: 10 Situations That Get Agents In Trouble

Even the most earnest real estate agents can accidentally make a false step that could wind them up with an ethics violation, a lawsuit or even revocation of their license. Check out Inman’s handy charts to learn the consequences of 10 situations. Inman Connect We want to help you make more money right now. All month, go Back to Basics with Inman as real estate pros share what’s working now and how they’re setting up to profit in a post-pandemic world. As any agent or broker knows, real estate transactions involve plenty of paperwork and legal issues. As one of the biggest investments a person may make in their lifetime, it’s important to follow the rules to a T, for the sake of protecting yourself and your client.

NAR On Historic Apology: It Wasn t Just Bad Agents Who Discriminated

Three weeks ago, the 1.4 million-member National Association of Realtors formally apologized for its past policies that contributed to segregation and racial inequality nationwide in the 20th century, sparking backlash among some members. The association has previously acknowledged that it actively fought passage of the Fair Housing Act and that it did not strike discrimination from its code of ethics until six years after its passage. NAR has also admitted that “many Realtors were complicit in odious practices like redlining and enforcing racial covenants” well into the 1960s. Moreover, the association long excluded members based on race or sex. According to NAR, in 1924, the Realtor Code of Ethics was revised to include Article 34, which stated: “A Realtor should never be instrumental in introducing into a neighborhood a character of property or occupancy, members of any race or nationality, or any individual whose presence will clearly be detrimental to property valu

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